Need Help?

Need professional advice for your consent to let with Cynergy Bank? There are various implications when it comes to letting out your property with an existing residential mortgage - you should seek professional assistance.

Sample questions relating to Cynergy Bank consent to let

  • Eighteen months ago we bought our council home, in London,recently valued at £240k. It's completely paid for from our own funds, unencumbered. We are prohibited from selling (without penalty of losing some of our discount) before five years have passed. Regardless, we would like to keep it as a investment property to let out. We wish to release some equity via a Cynergy Bank mortgage. I am confident that my rental income would cover my monthly repayments so can I negotiate consent to let. is this something you can help me with?
  • Do you know if an ERC would qualify as a deductible expense to be offset against tax for a BTL property? This time last year I was thinking of applying for consent to let from Cynergy Bank on my flat but I ended up changing mortgage provider to get a BTL mortgage. I had to pay an early repayment penalty as I was still in a fixed rate period.
  • My husband and I have just sorted our rates for another fixed period with Cynergy Bank. Some weeks later, I attended an interview and basically I accepted the job offer in Islington. I'm going to rent a small flat for the family in Enfield as we don't wish to sell the house whist there is a chance that we come back before two years.... We really don't know whether it will go. We called Cynergy Bank but we would like also your point of view please. How is it to receive consent to let in that case as we just got a fixed 5 years rate we really don't want to swap this.
  • I took out a new mortgage with Cynergy Bank recently, borrowing extra with the intention of doing a loft conversion. That plan has proved not to be possible and I now intend to purchase a further property for residential purposes and rent the old property out with consent to let. Is that likely to result in me stitching myself up?
  • My wife and I want to move home and have identified a property we wish to purchase so are considering renting out with consent to let from Cynergy Bank for our original property to allow us to place an offer and not miss out on the potential new house.
  • My OH and I would like to obtain consent to let on a house where we have a mortgage with Cynergy Bank. If issued, how long would consent be given for? In asking for consent to let from Cynergy Bank are we running the risk of them forcing us to change deal to buy to let
  • Do Cynergy Bank respond negatively to requests for consent to let? I am just considering this as an option if I move house in the the near future
  • Do you know if there is normally a required LTV before Cynergy Bank will grant consent to let?